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Look what happened to grocery stocks after Amazon announced it’s buying Whole Foods

Their stock isn’t looking so fresh.

Amazon’s acquisition of Whole Foods is great for Whole Foods and bad for every other supermarket. The $13.7 billion deal — Amazon’s biggest buy yet — has sent Whole Foods’ stock up $9 or 28 percent today, compared with yesterday’s closing price.

For contrast, Costco’s stock is down $10 or nearly 6 percent. Stock prices are also down for Kroger, Walmart, Target and SuperValu.


This article originally appeared on Recode.net.

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